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1-bed · 668 sqftWavez Residence, Liwan · 5th floor · completed 2022

B501, Wavez Residence

Sold prices and rental history: sold once, by the developer in June 2020, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B501 · DLD and Ejari recordsUpdated 1 October 2026
Last soldAED 615K7 June 2020
Current rentAED 50K /yr1 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B501, Wavez Residence

What is B501 worth today?

Last sold for AED 615,000 in 2020

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1 Oct 2026RentedRenewal
AED 50,000/yr12 months · AED 75 per sqft
1 Oct 2025RentedRenewal
AED 50,000/yr12 months · AED 75 per sqft
1 Oct 2024RentedRenewal
AED 50,000/yr12 months · AED 75 per sqft
7 Jun 2020Sold by developerOff-plan
AED 615,000AED 920 per sqft

Source: Dubai Land Department. Updated 1 October 2026.

Key facts

Type
1-bed apartment
Size
668 sqft
Floor
5th of 10
Parking
1
Developer
Danube Properties Development
Completed
2022
Last sold
AED 615K · June 2020
Building
Wavez Residence

About B501, Wavez Residence

B501 is a one-bedroom apartment of 668 sqft on the 5th floor of Wavez Residence, a 10-storey tower in Liwan completed in 2022 by Danube Properties Development. The developer sold it on 7 June 2020 for AED 615,000, or AED 920 per sqft, in line with the AED 906 one-beds in the building were fetching at the time.

It has been rented since 2024 on 3 Ejari contracts. The current contract, renewed on 1 October 2026, is AED 50,000 a year: a gross yield of 8.1% on the 2020 price.

Sales and rents for B501 over time

Sales
Unit B501, each saleTypical one-bed in Wavez Residence
600K700K800K20192021202320252027Typical sale price by year: 2019 AED 602,700; 2020 AED 606,000; 2021 AED 596,550; 2023 AED 652,680; 2024 AED 709,000; 2025 AED 790,000; 2026 AED 775,000Sold by developer, June 2020: AED 615,000 (AED 920 per sqft)

B501 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit B501, each contractTypical one-bed in Wavez Residence
50K55K60K2024202520262027Typical rent by year: 2024 AED 52,000; 2025 AED 55,000; 2026 AED 60,000Renewal, October 2024: AED 50,000 a yearRenewal, October 2025: AED 50,000 a yearRenewal, October 2026: AED 50,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Wavez Residence, and where B501 sits

All 76 1-beds →

B501 last sold in June 2020 at AED 920 per sqft, in line with what one-beds in Wavez Residence were fetching at the time (AED 906). Over the last 12 months one-beds sold for AED 700,000 to 830,000, around AED 1,185 per sqft, and rent for AED 48,300 to 73,000 a year. B501's AED 50,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
8 Oct 2026700,000
30 Jul 2026750,000
21 May 2026790,000
29 Apr 2026830,000
9 1-bed sales in the last 12 months

Wavez Residence

Building

414 apartments, studios to 1-bed over 10 floors in Liwan, completed in 2022 by Danube Properties Development. 37 sold in the last 12 months.

Typical price per sqft
AED 1,229 Up 2.2%
Typical sale
AED 520K
Typical rent
AED 42K /yr
Typical yield
8.2%
Wavez Residence, Liwan: prices, sales and rents →

Other units on the 5th floor

All 414 units in Wavez Residence
Value
A5011-bedAED 615K · Aug 2020
A5021-bedAED 600K · Mar 2020
A5031-bedAED 603K · Oct 2019
A5041-bedAED 730K · Mar 2024
A505StudioAED 379K · Dec 2019
A506StudioAED 515K · Nov 2025
A507StudioAED 350K · Nov 2021
1–7 of 41

B501, Wavez Residence in numbers

  • Sold once: by Danube Properties Development on 7 June 2020 for AED 615,000, or AED 920 per sqft.
  • Rented since October 2024 on 3 Ejari contracts, at AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2020 price is 8.1%.
  • One-beds in Wavez Residence sold for AED 700,000–830,000 in the 12 months to November 2026; the building's median across all types is AED 1,229 per sqft.

Source: Dubai Land Department. Updated 1 October 2026.

Questions about B501, Wavez Residence

What did unit B501 last sell for?

AED 615,000 on 7 June 2020, sold by the developer: AED 920 per sqft for 668 sqft. It is the only registered sale of the unit.

What is the rent for unit B501?

AED 50,000 a year on the contract renewed on 1 October 2026. The previous contract, from October 2025, was AED 50,000; the unit has been rented since October 2024.

How big is unit B501?

668 sqft (62.1 sqm): a one-bedroom apartment on the 5th floor of a 10-storey tower completed in 2022.

What is unit B501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Wavez Residence sold for AED 700,000 to 830,000 in the last 12 months, around AED 1,185 per sqft.

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Mortgage on B501, Wavez Residence

Starts from the last sale price (AED 615K, 7 June 2020). Switch to today's estimate once you have unlocked it.
Price
AED 615,000
Deposit, UAE resident (20%)
AED 123,000
Deposit, non-resident (40%)
AED 246,000
Monthly over 25 years at 3.7%
AED 2,516

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →